Affordable Housing Reform Law Was Recently Passed In New Jersey – More Housing Options Coming Your Way!

Affordable housing options are now available for New Jersey residents.

Other states are also making measures regarding affordable housing options for their residents. (Photo: NJ Spotlight News)

A New Law Regarding Affordable Housing

New Jersey recently passed a new affordable housing reform law aimed at addressing the housing shortfall in the state. This new affordable housing reform law comes amidst a national discussion on the lack of affordable housing, with President Biden also pushing for more affordable housing options.

According to a published article by SmartNews, aside from NJ’s new affordable housing reform law, different states are taking various approaches to solve this issue, such as building smaller starter homes in Utah and allowing denser housing in Oregon.

The new affordable housing reform law in New Jersey aims to clarify housing obligations for towns and jump-start construction, but some critics argue that the new affordable housing reform law may have negative impacts on the environment, schools, and infrastructure.

New Jersey Gov. Phil Murphy

In a published article by WHYY, New Jersey Gov Phil Murphy signed a law to expand affordable housing, but it will take several years for the homes to be built.

Supporters believe the law will address the housing crisis, while opponents fear it could raise property taxes and negatively impact communities. The law establishes guidelines for municipalities to determine their fair housing obligations and encourages building near transit hubs and supermarkets.

The issue stems from a landmark ruling 49 years ago stating every municipality must provide housing for low- and moderate-income residents, known as the Mount Laurel doctrine.

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